$8 billion of US climate tech projects have been canceled so far in 2025

$8 billion of US climate tech projects have been canceled so far in 2025

This year has been rough for climate technology: Companies have canceled, downsized, or shut down at least 16 large-scale projects worth $8 billion in total in the first quarter of 2025, according to a new report. That’s far more cancellations than have typically occurred in recent years, according to a new report from E2, a nonpartisan policy group. The trend is due to a variety of reasons, including drastically revised federal policies. In rec…

$8 billion of US climate tech projects have been canceled so far in 2025 - TECHTELEGRAPH

In recent months, the White House has worked to claw back federal investments, including some of those promised under the Inflation Reduction Act. New tariffs on imported goods, including those from China (which dominates supply chains for batteries and other energy technologies), are also contributing to the precarious environment. And demand for some technologies, like EVs, is lagging behind expectations.  E2, which has been tracking new inves…

Clean Energy Projects in the United States have been lost in the wind to the tune of $8 Billion - But how much cheaper will be our electricity?

In the first quarter of 2025, 16 large-scale clean energy projects in the U.S. were canceled, downsized, or terminated, resulting in a total estimated value of $7.9 billion in withdrawn investments. The number of individual firms involved is not specified, as some projects may involve multiple companies. Still, the cancellations include notable examples like Bosch canceling a $200 million hydrogen fuel cell factory and Freyr Battery canceling a …